W&T Offshore Inc. (NYSE:WTI) Relative Strength Index (RSI) is 59.40, with weekly volatility at 7.17% and ATR at 0.17. The WTI stock’s 52-week price range has touched low of $1.07 and a $6.10 high. Intraday shares traded counted 7.68 million, which was -124.48% lower than its 30-day average trading volume of 3.42M. Its shares traded lower over the last trading session, losing -1.82% on 12/09/20. The shares fell to a low of $2.14 before closing at $2.16. WTI’s previous close was $2.20 while the outstanding shares total 141.62M. The firm has a beta of 3.31, a 12-month trailing P/E ratio of 5.43.
Investors have identified the Oil & Gas E&P company W&T Offshore Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $286.93 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
W&T Offshore Inc. (WTI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 111.91 million total, with 128.74 million as their total liabilities.
WTI were able to record 73.03 million as free cash flow during the Q3 2020 quarter of the year, this saw their quarterly net cash flow reduce by 24.1 million. In cash movements, the company had a total of 114.74 million as operating cash flow.
Potential earnings growth for W&T Offshore Inc. (WTI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the Q3 2020 quarter of the year, W&T Offshore Inc. recorded a total of 72.52 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -82.33% coming in sequential stages and their sales for the Q3 2020 quarter increasing by 23.82%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 41.26 million trying to sell their products during the last quarter, with the result yielding a gross income of 31.25 million. This allows shareholders to hold on to 141.62M with the recently reported earning now reading -0.09 cents per share. This is a figure that compared to analyst’s prediction for their Q3 2020 (-0.14 cents a share).
Having a look at the company’s valuation, the company is expected to record -0.11 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on WTI sounds very interesting.
Is the stock of WTI attractive?
In related news, Chairman, CEO & President, KROHN TRACY W bought 190,849 shares of the company’s stock in a transaction that recorded on Jul 09. The purchase was performed at an average price of 2.15, for a total value of 410,306. As the purchase deal closes, the Chairman, CEO & President, KROHN TRACY W now bought 346,358 shares of the company’s stock, valued at 744,670. Also, Chairman, CEO & President, KROHN TRACY W bought 285,976 shares of the company’s stock in a deal that was recorded on Jul 07. The shares were cost at an average price of 2.15 per share, with a total market value of 614,448. Following this completion of disposal, the Director, BOULET VIRGINIA now holds 18,604 shares of the company’s stock, valued at 40,927. In the last 6 months, insiders have changed their ownership in shares of company stock by 34.30%.
1 out of 3 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on W&T Offshore Inc.. 0 analysts has assigned a Sell rating on the WTI stock. The 12-month mean consensus price target for the company’s shares has been set at $3.60.